Chapter 3 Validity of contracts and agreements Flashcards
1
Q
What is void agreement?
A
An agreement which is not enforceable by law.
A void agreement is void ab initio ie from beginning.
2
Q
What is valid contract?
A
An agreement enforceable by law
3
Q
What is voidable contract?
A
Page 14 study text atif abidi
4
Q
Age of minor
A
Page 14
5
Q
Essentials of contract
A
Page 14
6
Q
Rules for minor
A
Page 15
7
Q
Competent to contract
A
Page 14
8
Q
sound mind
A
page 15
9
Q
disqualified person
A
page 15